Trader Steve Grasso said he likes Monsanto because the Dow Chemical and Dupont deal is expected to be approved by EU regulators. He said if that deal gets through the Monsanto-Bayer merger should get approval, as well. Grasso also said he made a risky move and bought back shares of Valeant.
Pete owns calls AA, AAPL, BAC, BZH, C, CCL, CLF, DAL, ECA, FEYE, GE, HMY, INTC, MAR, MPEL, MRO, QVCA, RIG, UNP, VALE, XLNX, ZIOP. Pete is long AAPL, BABA, BAC, CL, DLTR, DIS, EBAY, EMR, GILD, GM, HAIN, HUM, IBM, INTC, JWN, K, KO, KORS, KMX, LUX, MAR, MDLZ, MOS, MSRT, MRK, RL, UNP PFE. Pete bought puts AFSI.
Tim Seymour is long ABX, AAPL, APC, AVP, BAC, BBRY, C, CLF, CVX, DO, DVYE, EDC, EWN, EWZ, F, FB, FCX, FXI, GM, GOOGL, GE, INTC, LQD, MOS, MCD, MUR, OIH, PG, RACE, RAI, RH, RL, SINA, SQ,T, TWTR, VALE, VZ, XOM. short: EEM, SPY, XRT; Tim's firm is long ABX, BABA, BIDU, CBD, CLF, EEM, EWZ, F, KO, MCD, MPEL, NKE, PEP, PF, TCEHY, SAVE, SBUX, SINA, VALE, VIAB, WMT, WEN, X, YHOO, short EWG, HYG, IWM.
Steven Grasso's firm is long AON, BX, CUBA, DIA, EXAR, HES, ICE, KDUS, MAT, MFIN, MJNA, MSFT, NE, PYPL, RIG, SNAP, SPY, SQBG, TITXF, WDR, WPX, ZNGA. Steven Grasso is long CHK, EEM, EVGN, GDX, KBH, MJNA, MON, MU, OLN, PFE, PHM, T, TWTR, VRX. Grasso's children own: EFA, EFG, EWJ, IJR, SPY. NO SHORTS.
Guy Adami is long CELG, EXAS, GDX, INTC. Adami's wife, Linda Snow, works at Merck.